40 cinemas to be built in Saudi Arabia, signed by PIF

By Sophie Chapman
Share
Saudi Arabia is set to receive up to 40 new cinemas following a deal signed by the nation’s Public Investment Fund (PIF). The Development and Investm...

Saudi Arabia is set to receive up to 40 new cinemas following a deal signed by the nation’s Public Investment Fund (PIF).

The Development and Investment Entertainment Company (DIEC), a PIF subsidiary, has partnered with US-based satellite television channel, AMC, to operate new cinemas in the country.

The project is anticipated to develop between 30 and 40 cinemas, located across 15 Saudi Arabian cities.

DIEC and AMC’s joint venture has been scheduled to be complete within the next five years, and the country is anticipated to have between 50 and 100 cinemas across 50 cities by 2030.

SEE ALSO:

The Ministry of Culture and Information has granted its first operating license for a cinema to the joint venture.

The development of cinemas is a key source of income for the Gulf’s design and construction sectors.

Saudi Arabia’s first cinema in 30 years is set to open on 18 April in the nation’s capital city, Riyadh.

The country has incorporated DEIC this year in a bid to boost its entertainment industry through its Vision 2030 plan.

Share

Featured Articles

Energy Transition Reshaping Construction, Says BCG

BCG report details how industries including construction need to collaborate on AI-driven energy solutions, citing data centre design as an example

New Volvo CE Facility Pioneers Climate Certification

Volvo Construction Equipment’s new Braås site is the first to earn the Climate Efficient Site certification, spearheading sustainability in construction

French construction firm Bouygues Expands into US

French multinational construction firm Bouygues Construction expands US presence as subsidiary Aimco lands luxurious Miami waterfront development project

Construction Industry Embracing Autonomous Equipment

Technology & AI

BIM: Revolutionising Construction Through Digital Innovation

Planning & Design

Global Coalition Targets Green Finance for Building Sector

Sustainability & Green Building